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Raytheon Wins $67M Patriot Spares Foreign Sale

Raytheon Co. (NYSE: RTN) has won a $67,529,500 U.S. Army contract to provide missile system spares for a foreign military sale, the Defense Department announced Monday.

The United Arab Emirates will receive the Patriot missile system parts by Sept. 30, 2012, according to Pentagon estimates.

The company’s integrated defense systems unit will perform work on the firm-fixed-price contract in Andover, Mass.

The U.S. Army Contracting Command’s office in Redstone Arsenal, Ala. is the contracting activity.

The Waltham, Mass.-based missile maker will also produce tactical missiles for foreign sales under an estimated $97 million Navy contract.

Saudi Arabia and South Korea will purchase the missiles and associated equipment.

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